advertising expenses would not be necessary under perfect competition because
ECONOMICS
WAEC 2006
advertising expenses would not be necessary under perfect competition because
- A. consumers would have complete knowledge of goods
- B. cost of production would be at the maximum level
- C. every firm would enjoy the benefits of large scale production
- D. income of the consumers in the community would be high
Correct Answer: A. consumers would have complete knowledge of goods
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